Nexxen International (NASDAQ:NEXN) CFO Sells $12,631.00 in Stock

by · The Markets Daily

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) CFO Sagi Niri sold 1,486 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $8.50, for a total transaction of $12,631.00. Following the sale, the chief financial officer owned 567,580 shares of the company’s stock, valued at $4,824,430. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nexxen International Trading Up 3.6%

Shares of NEXN stock traded up $0.30 during trading hours on Monday, reaching $8.70. The company’s stock had a trading volume of 311,245 shares, compared to its average volume of 338,206. The firm’s fifty day simple moving average is $7.34 and its 200 day simple moving average is $6.77. Nexxen International Ltd. Sponsored ADR has a one year low of $5.60 and a one year high of $11.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $489.67 million, a P/E ratio of 29.00 and a beta of 1.61.

Nexxen International (NASDAQ:NEXN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The company had revenue of $86.84 million for the quarter. Equities research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Nexxen International

A number of large investors have recently bought and sold shares of NEXN. Jump Financial LLC acquired a new position in shares of Nexxen International during the 4th quarter worth approximately $95,000. Public Employees Retirement System of Ohio raised its holdings in shares of Nexxen International by 328.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after acquiring an additional 56,808 shares during the period. Legato Capital Management LLC raised its position in Nexxen International by 23.8% in the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after purchasing an additional 4,815 shares during the period. Rock Point Advisors LLC boosted its position in shares of Nexxen International by 42.5% during the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after buying an additional 283,295 shares during the period. Finally, Strs Ohio lifted its position in shares of Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after purchasing an additional 21,900 shares in the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NEXN shares. Rosenblatt Securities increased their price objective on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Royal Bank Of Canada lifted their price objective on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Scotiabank dropped their price target on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 5th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, BTIG Research lowered their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.69.

View Our Latest Stock Analysis on Nexxen International

About Nexxen International

(Get Free Report)

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.

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